News and analysis for US housing futures, options, forwards and swaps.

June 02, 2011

Altos Research June 2011 Report

It‘s the ―Catfish Recovery.‖ Catfish spend their time moving slowly at the bottom of lakes and rivers bobbing up and down from place to place without a clear direction. Expect prices over the long term to hit a bottom, rise a bit, sink back down, rise again—a pattern we expect with the housing market for several years. The housing recovery will take a long time and it is going to happen slowly.